Articlecoin.com - Toncoin (TON), one of the rising Layer-1 cryptocurrencies, has attracted massive investor attention, especially by a group often referred to as “Whale.” In the last seven days, these whales have purchased more than 45 million TON worth $342 million.
Toncoin has shown great performance so far this year. With an increase of over 220%, TON is currently trading at around $7.6 per coin. This increase has led it to the position of the eighth largest cryptocurrency by market capitalization, even ahead of Dogecoin (DOGE).
Sony Group Begins to Enter the Crypto Industry Through the Acquisition of Exchange Amber Japan
Articlecoin.com - Sony Group has officially entered the crypto exchange market by acquiring Amber Japan, according to a report from Wu Blockchain. Amber Japan, previously known as DeCurret, is a Japanese subsidiary of Amber Group, which provides regulated digital asset trading services. In 2022, Amber Group expanded its operations to Japan through the acquisition and renaming of Japanese crypto exchange DeCurret to Amber Japan. However, the company faced financial problems because part of its trading capital was exposed to the FTX crypto exchange, which is currently no longer operational.
articlescoin.com - Data from CryptoQuant shows that whales have sold more than $1.2 billion worth of Bitcoin in the last two weeks. These significant Bitcoin holders showed little sign of renewed buying interest, indicating a lack of upward momentum for the cryptocurrency. Next, low new demand among long-term shareholders, and finally crypto miners may shift focus to the AI sector
Articlecoin.com - Ethereum hit a high of $3,586 on Wednesday morning following an announcement from Consensys that the US Securities and Exchange Commission (SEC) had ended its investigation into Ethereum 2.0. This decision means the regulator will not bring charges regarding the sale of ETH as a securities transaction. While this is a win for Ethereum developers, Consensys remains critical of the SEC's approach to crypto regulation as unlawful and aggressive. Not long after this news, Consensys also asked whether the approval of an Ether ETF meant Ethereum was considered a commodity and whether the SEC would drop its investigation. The market reaction to this news saw other altcoins also rise, such as Lido DAO surging more than 19%, as well as Solana, Cardano, and Uniswap trading higher, each up more than 4%. 🚀 $ETH #SECvsCrypto #Ethereum✅
articlescoin.com - Notcoin prices fell 11% after airdrop claims ended. The NOT token has 11.5 million holders, 2.5 million on-chain. The Notcoin team says most of the tokens have been divided, the rest will be used for development or burned. NOT price $0.01812, fell sharply in 1 day but is up 166% since launch.
Articlecoin.com - The SEC rejected Ripple's request to reduce the fine and demanded $2 billion to comply. Ripple compared its case to Terraform Labs which went bankrupt, but the SEC emphasized that the situation was different. The SEC asked for heavy fines as a deterrent and for the integrity of financial markets.
Bali, the New Center for Blockchain and Crypto in Indonesia! 🚀
With the number of crypto investors soaring last year and NFTs taking the art scene by storm, Bali is not only a tourist paradise but also a blockchain paradise! Tokocrypto, one of the largest exchanges in Indonesia, has even opened a T-Hub on this island of the gods. 🏝️
Seminyak, a favorite tourist destination, is now increasingly busy with crypto transactions. And with the Coinfest Asia event that will be held here, Bali is ready to become a blockchain hub that will not only attract tourists but also crypto and NFT enthusiasts from all over the world! 💼🌐
articlescoin.com - United States non-farm payroll (NFP) data for May 2024 showed an increase of 272,000 jobs, far exceeding market estimates of 182,000. The increase reflects the unexpected strength of the US labor market.
After the release of the NFP data, Bitcoin price fell from $71,985 to around $70,830. This decline was caused by market expectations that the Federal Reserve might tighten its monetary policy. In addition, the US dollar index (DXY) also rose, reaching 104.65, which also contributed to the decline in Bitcoin prices.
US non-farm payroll data has a major impact on financial markets, including Bitcoin. Investors need to pay attention to these data releases and consider the implications for their investment strategies.
Bitfarms ‘Bite Their Toes’ Post-Halving: Bitcoin Production Freefalls
Articlecoin.com - Amidst the huge waves hitting the Bitcoin mining industry, Bitfarms stands tall, facing the storm brought by the halving phenomenon. The company, which has long been involved in digital currency mining, released its latest monthly production data, reflecting the significant impact of the Bitcoin halving on their profits. In May, Bitfarms produced 156 Bitcoins, a pretty sharp drop of 42% from the 269 Bitcoins produced in April. Even more astonishing, this is a drastic drop of 66% from the same period last year, when they managed to produce 459 Bitcoins. The sale of 136 Bitcoins in the same month generated total revenue of $8.9 million, much lower than April's revenue of $16.1 million.
Nayib Bukele Makes a Scene: El Salvador is 'In Debt' While 'Mining' Bitcoin!
El Salvador's President, Nayib Bukele, began his second term in office with a focus on economic recovery. Having brought gang violence under control, he now faces the challenges of a stagnant economy. Even though the Bitcoin City project has not attracted the expected investment and the country's public debt stands at $30 billion, Bukele remains committed to the cryptocurrency, with El Salvador buying 1 Bitcoin every day. His innovative economic policies attracted attention, but he had to carefully navigate the economy to ensure stability and growth. The world is waiting to see whether Bukele's strategy will successfully integrate crypto into El Salvador's economy.
articlescoin.com - In the often unpredictable world of cryptocurrency markets, an event has triggered a wave of anxiety among investors and market watchers. Long-bankrupt cryptocurrency exchange Mt. Gox, suddenly transferred a large amount of Bitcoin to an unknown wallet, raising questions and speculation about its impact on the market.
According to on-chain tracking platform Spot On Chain, there have been 42,909 $BTC transfers, which is worth $2.93 billion at current prices. These transfers are made from what is known as the Mt. cold wallet. Gox to a wallet whose identity is still a mystery.
Prior to this major transfer, addresses associated with Mt. Gox is known to hold 137,892 Bitcoins, whose value is estimated at $9.42 billion. The event has sparked a flurry of reactions on social media and crypto forums, with many users putting forward their own theories and predictions. In its heyday, Mt. Gox is one of the largest Bitcoin exchanges in the world. However, in 2014, the company experienced a dramatic collapse after filing for bankruptcy protection due to a hack that resulted in the loss of 850,000 Bitcoins. Since then, creditors have been waiting for a resolution that appears to be getting closer. In September last year, Mt. Gox delayed the payment deadline to its creditors by a year, at which time it caused a spike in Bitcoin prices. However, this latest transfer has raised new concerns about a potential large-scale sale that could affect market prices.
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The world of crypto investing witnessed a promising new chapter with the start of trading of the Volatility Shares 2x Ether ETF (ETHU) on June 4. This is a milestone as the first leveraged ether (ETH) ETF in the United States, opening a new chapter in the world of digital currency investing.
Stuart Barton, Chief Investment Officer of Volatility Shares, welcomed this launch with great enthusiasm. He believes that this move not only enriches investment options in the crypto market but also has the potential to open the door to the approval of a spot ether ETF in the future. This ETF is designed to provide twice the daily performance of ether, targeting experienced traders who understand the risks involved. The journey to launching this leveraged ETF was not short. About a year ago, the first leveraged bitcoin ETF was introduced, laying the foundation for subsequent innovations. The Volatility Shares 2x Bitcoin fund launched in June 2023, and after that, the SEC gave the green light to a spot bitcoin ETF about seven months later. The approval of a leveraged ether ETF by the SEC is a strong indication of the growing acceptance of cryptocurrency investments. According to Barton, this decision reflects the SEC's more mature understanding of crypto. He also stated that the SEC has approved the main application for spot funds, which indicates the possibility of more crypto products in the future. The Volatility Shares 2x Ether ETF offers leveraged exposure to ether, with expected daily performance of twice the amount. This product is aimed at investors who fully understand the high risks and potential profits of leveraged trading. The launch of this ETF is a response to the growing interest in cryptocurrencies. Both institutional and retail investors now have wider access to invest in this market. Leveraged and spot ETFs act as a bridge between traditional finance and digital assets, easing the transition for investors